Is inventory a short term financial asset?

Yes! The definition states all transactiones arrising from cash transactions, the investment of cash and the extention of credit are short-term financial assets>Needles & Powers 2004

Yes

No

Short term liabilities are those whose life is less than 12 months. Long term assets: I presume you mean either long term liabilities (whose life is greater than 12 months) or long term assets is the...